Five Key Facts to Know about Korea’s Startup Ecosystem

January 2, 2015

TechNode

South Korean startups have been given the green light, and the nation has become one of the key startup hubs in Asia. After the dot.com bubble burst, few people dared to start their own business. However, some internet portals and 0nline game companies survived the downturn to became so-called “Unicorns“, companies valued at over US$1 billion, leading the stream of success stories. Then a new generation of startups emerged around 2010, and now the country has over 1,000 startups according to a map of the field by Rocket Punch.